Fomento Economico Mexicano S.A.B. de C.V. (FMX) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,372 shares of the company’s stock after acquiring an additional 76 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $922,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. grew its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 9.9% during the second quarter. Oppenheimer & Co. Inc. now owns 13,300 shares of the company’s stock worth $1,308,000 after acquiring an additional 1,200 shares during the last quarter. Zevin Asset Management LLC grew its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 0.7% during the second quarter. Zevin Asset Management LLC now owns 16,080 shares of the company’s stock worth $1,581,000 after acquiring an additional 115 shares during the last quarter. Intrust Bank NA purchased a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. during the second quarter worth about $200,000. Geneva Advisors LLC grew its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 50.6% during the second quarter. Geneva Advisors LLC now owns 28,075 shares of the company’s stock worth $2,761,000 after acquiring an additional 9,435 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 55.1% during the second quarter. William Blair Investment Management LLC now owns 1,087,301 shares of the company’s stock worth $106,925,000 after acquiring an additional 386,233 shares during the last quarter. Institutional investors and hedge funds own 21.58% of the company’s stock.

Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) opened at 98.62 on Tuesday. Fomento Economico Mexicano S.A.B. de C.V. has a 52 week low of $73.45 and a 52 week high of $103.82. The stock’s 50 day moving average price is $100.17 and its 200-day moving average price is $94.43. The stock has a market cap of $35.29 billion, a price-to-earnings ratio of 29.35 and a beta of 0.58.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.11. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Fomento Economico Mexicano S.A.B. de C.V. had a return on equity of 8.42% and a net margin of 5.26%. Equities analysts anticipate that Fomento Economico Mexicano S.A.B. de C.V. will post $3.47 earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, August 24th. Citigroup Inc. lowered Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 13th. BidaskClub upgraded Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Finally, Gabelli assumed coverage on Fomento Economico Mexicano S.A.B. de C.V. in a research note on Monday, July 17th. They set a “buy” rating and a $112.00 price target on the stock. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $104.33.

Fomento Economico Mexicano S.A.B. de C.V. Company Profile

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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Institutional Ownership by Quarter for Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

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